Ontario has received 115 per cent to 150 per cent of normal precipitation over the past 30 days. As of June 2, we believe 25 of the soybeans have been planted while nearly 50 per cent of the corn is in the ground. Planting is furthest ahead in Bruce and Grey counties. We expect farmers […] Read more
Markets/Business — page 2
Rains change corn, soybean outlook amid difficult seeding season
Short Ontario supplies of some crops will be supportive of local demand
Ag minister announces launch of Canadian food policy
Canada has its first food policy, an initiative to increase access to safe, nutritious and culturally diverse food, and to cut food waste. Marie-Claude Bibeau, minister of agriculture and agri-food and parliamentary secretary, Jean-Claude Poissant made the announcement Monday in Montreal. “The Food Policy for Canada is our road map for a healthier and more […] Read more
U.S. livestock: CME lean hogs slide on fund liquidation
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell more than two per cent on Friday on long liquidation and slower-than-expected export demand for U.S. pork supplies, analysts and traders said. Traders have been anticipating a jump in U.S. pork exports this year as African swine fever, a deadly hog disease, ravages China’s […] Read more
U.S. grains: Corn reaches five-year high on crop uncertainty, firm cash
Chicago | Reuters — Chicago corn futures climbed to their highest level in five years on Friday as forecasts for more showers in the eastern Midwest next week clouded U.S. production prospects, analysts said. Soybeans also advanced on the weather worries and wheat closed higher after a choppy session. Chicago Board of Trade July corn […] Read more
Feed weekly outlook: Grain prices strong as dry weather persists
MarketsFarm — Producers are anxious to stock up on feed grains as weather across the Prairies has remained dry. “We’ve been seeing buyers being quite aggressive [when] bidding on all feed grains,” explained Nelson Neumann of Agfinity in Lethbridge. “Nobody wants to be caught without anything over the summer.” With little precipitation in the forecast, […] Read more
U.S. grains: Corn nears four-year high
Chicago | Reuters — U.S. corn futures neared a four-year high on Thursday, buoyed by worries about yield prospects for the delayed crop and firm cash markets, analysts said. Soybeans also advanced as weather worries threatened to curtail U.S. production of the oilseed, and wheat futures followed the firm trend. Chicago Board of Trade July […] Read more
U.S. livestock: CME live cattle futures end lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell Thursday for a second straight session, pressured by technical selling and expectations of ample U.S. summertime supplies of cattle and beef, traders said. “We’re still just in the middle of June, and we know we have a big supply coming in,” said Scott Varilek, […] Read more
Oats market solid, watching weather
MarketsFarm — Tight old-crop supplies are keeping oats prices well supported in Western Canada, although buyers are covered for the time being and waiting for a clearer picture on new-crop production. “It’s tough to find old-crop demand currently, as many larger-scale end-users are covered,” said Ryan McKnight of Linear Grain at Carman, Man. Most buyers […] Read more
Ottawa expands insurance for canola exporters amid China dispute
Ottawa/Winnipeg | Reuters — Ottawa increased the insurance coverage available for canola exporters, a government corporation said on Thursday, as it seeks to reduce trade risks amid a dispute with China. China halted purchases of Canadian canola in March, citing pests in shipments by Richardson International and Viterra. That move, which came as Beijing has […] Read more
USDA makes some changes to Canadian, world crop estimates
MarketsFarm — Corn planting in Canada has been a struggle this year much like for farmers in the U.S., according to Tuesday’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA). USDA’s May WASDE report estimated Canadian corn production at 15.4 million tonnes, but wet conditions in Eastern Canada saw […] Read more
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